The report covers the present scenario and growth prospects of the global battery market for ESS for 2015-2019. The market has been segmented on the basis of geography and technology.

Countries worldwide are exhibiting an increased level of interest in reducing emission levels through the promotion of clean energy initiatives. Therefore, the adoption of solar and wind energy storage, as well as other viable alternatives to fossil-fuel power generation paradigms, has seen a steep climb globally. Battery energy storage in renewables such as wind and solar energy is considered a major alternative for conventional fossil-fuel installations. The shift toward solar energy storage is helping countries reduce their fossil-fuel import costs. Initially, solar installations were equipped with lead-acid batteries as backup power systems.

According to the report, the increasing growth in smart-grid technologies has given rise to the need for grid stability, flexibility, and management of electricity within grids by adopting battery energy storage. As countries plan to increase the share of renewable generation in their overall power mix, the need for grid stability is prompting grid operators to adopt battery energy storage paradigms. Key vendors